Improving Margins By Adding Design & Build & Other Value Added Services
Manish Patel Managing Director, Generic Engineering Construction and Projects
Generic Engineering Construction and Projects Limited is a civil contracts company with over five decades of experience and more than 200 completed projects. It was established in the year 1967 under the leadership of Ravilal Patel, it was later transformed into a Private Limited Company in the year 2004 under the leadership of his son Manish Ravilal Patel.
Generic strives to innovate and deliver quality and cost effective services to its clients. Generic’s core business is to provide services for civil construction and infrastructure projects on various models ranging from Design, Build, Operate and Transfer (DBOT); and
Build, Own, Operate and Transfer (BOLT). We aim at becoming a world class civil construction and infrastructure organization committed to quality work, timely completion, customer satisfaction and enhancement of the stakeholders’ value.
Highlights of financial results for Q1 FY2018
- Total income increased by 13% to ₹4,353 Lacs (₹3,847 Lacs in Q4 FY2017)
- EBITDA increased by 54.5% to ₹518
Lacs (₹326 Lacs in Q4 FY2017)
- EBITDA margin stood at 11.7% in Q1 FY2017 (8.6% in Q4 FY2017)
- Net Profit after tax increased by 66.7% to ₹304 Lacs (₹180 Lacs in Q4 FY2017)
- PAT Margin stood at 6.9% in Q1 FY2018 (4.7% in Q4 FY2017)
- Basic and diluted Earnings Per Share stood at ₹1.86 in Q1 FY2018 ( ₹ 1.10 in
Current Order Book:
The total value of our current order books stands at approximately 360 Cr out of which approximately 243 Cr is residual (WIP). While L1 bid book is approximately 225 Cr.
Our Q1 FY18 results have been in line with growth expectation. We are able to withstand the demonetization period by achieving a 13% revenue growth and were also able to improve our operating margins and reduced the interest cost. Going forward, we expect to improve our margins by adding Design & Build and giving other value added services. We expect RERA to have a positive impact on the Real Estate industry in terms of operations, cash flows and transparency. Government push for affordable housing and Smart city projects will offer ample of high growth opportunities to the company.
We aim at becoming a world class civil construction and infrastructure organization committed to quality work, timely completion, customer satisfaction and enhancement of the stakeholders’ value.